Cobb County Government

CDBG Homepage

CDBG Program Office
127 Church Street,
Suite 270
Marietta, GA 30060

(770) 528-4600
(770) 528-4613 fax

Community Development Block Grant [CDBG] Program Office

Downloads:

Proposed Action Plan Amendment

Map of Cobb County Priority Areas

Environmental Assessment

Department of Community Affairs NSP Application Draft

Public Notices

Housing and Economic Recovery Act of 2008 NSP Funding

Environmental Review: Request for Release of Funds

RFP’s are now available for the NSP Asset Manager, Appraiser, and Real Estate Attorney at the following link: purchasing.cobbcountyga.gov

Inquiries that must be answered in regards to the Proposal procedures or technical matters shall be submitted in writing via U.S. Mail or facsimile to:

Mr. Rick Burn
Purchasing Director
Cobb County Purchasing Division
1772 County Services Parkway
Marietta, Georgia 30008-4021
Fax: (770) 528-1154
Email: purchasing@cobbcounty.org

“HUD’s new Neighborhood Stabilization Program will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. The program is authorized under Title III of the Housing and Economic Recovery Act of 2008

.”

Cobb County will receive $6,889,134 to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within the community. These targeted funds will be used to purchase foreclosed homes at a discount and to rehabilitate or redevelop them in order to respond to rising foreclosures and falling home values; as such NSP Grant Funds will be devoted to those areas of Cobb County’s greatest need as determined by the Foreclosure data supplied by the Policy Development and Research Division at HUD.

The NSP Program also seeks to prevent future foreclosures by requiring housing counseling for families receiving homebuyer assistance. In addition, the Program seeks to protect future homebuyers by requiring States and local grantees to ensure that new homebuyers under this program obtain a mortgage loan from a lender who agrees to comply with sound lending practices.